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    140 S 6th Street , 1-15

    Hayden, CO 81639
    • $3,250,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: 9292167
    UPDATED: 54 min ago
    $3,250,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,693
      SQFT
    • $237
      $/SQFT
    Type:
    Multi-Family
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    Offered by Choice Realty & Management.

    Description

    Housing Investment Opportunity in Hayden! This 15 unit condominium building at the Creek View Subdivision has a solid track record for long term residential rentals. The building features a mixture of one and two bedroom condos, and has one 3bd/2ba condo and one office space. The building was built in 2008 as a mix-used building with 7 storefront commercial units on the main floor and 8 residential condos on the second floor. In 2017, all the commercial spaces were remodeled into residential condos. All units are in great condition and rent out very easily. Currently, the rental rates are below par, but with updating the rental rates to market value, the cap rate of this investment would be around 5.3% (including 10% management fee, RE taxes, maintenance cost, and 3% vacancy) The building is fully sprinklered (wet system) and due to its fairly young age, the maintenance cost are low. There is plenty of parking (34 spaces total) in both the front and back of the building. The Creek View Plaza Condos are nestled within the Creek View Subdivision and are within walking distance of the local supermarket, hardware store, post office and the new PK-12 School. An easy 20 minute drive brings you to Steamboat Springs and only 15 minutes to Craig. As an alternative use, this building has potential to be transformed into an Extended-Stay or Nightly Rental property

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The HomeSmiths Team - Keller Williams Realty, DTC LLC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.homesmiths.com/homes/117922559
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    140 S 6th Street , 1-15 Hayden, CO 81639

    • Price: $3,250,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 9292167
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    13,693
    SQFT
    $237
    $/SQFT
    2008
    Built
    County:
    Routt
    Area:
    Hayden
    Property Description
    Housing Investment Opportunity in Hayden! This 15 unit condominium building at the Creek View Subdivision has a solid track record for long term residential rentals. The building features a mixture of one and two bedroom condos, and has one 3bd/2ba condo and one office space. The building was built in 2008 as a mix-used building with 7 storefront commercial units on the main floor and 8 residential condos on the second floor. In 2017, all the commercial spaces were remodeled into residential condos. All units are in great condition and rent out very easily. Currently, the rental rates are below par, but with updating the rental rates to market value, the cap rate of this investment would be around 5.3% (including 10% management fee, RE taxes, maintenance cost, and 3% vacancy) The building is fully sprinklered (wet system) and due to its fairly young age, the maintenance cost are low. There is plenty of parking (34 spaces total) in both the front and back of the building. The Creek View Plaza Condos are nestled within the Creek View Subdivision and are within walking distance of the local supermarket, hardware store, post office and the new PK-12 School. An easy 20 minute drive brings you to Steamboat Springs and only 15 minutes to Craig. As an alternative use, this building has potential to be transformed into an Extended-Stay or Nightly Rental property
    Exterior Features

    Architectural Style Detached Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Area 0.46 Lot Size Square Feet 20038 Parking Features Concrete Parking Total 34 Road Frontage Type Public Road Road Surface Type Alley PavedPaved

    Interior Features

    Levels Two

    Property Features

    Construction Materials FrameConcreteStoneWood Siding Lease Considered YN No Possession Closing Property Sub Type Multi Family Security Features Fire Sprinkler System Sewer Public Sewer Tax Annual Amount 19608 Tax Year 2020 Water Source Public Zoning Commercial

    Listing courtesy of Choice Realty & Management: MLS #9292167


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The HomeSmiths Team - Keller Williams Realty, DTC LLC are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    The HomeSmiths Team - Keller Williams Realty, DTC LLC
    6300 S. Syracuse Way #150
    Englewood CO, 80111
    Offered by Choice Realty & Management.